Global Scandium Oxide Increases Consumption From 10782 Kg In 2013 To 11960 Kg In 2017
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The global Scandium Oxide industry has a rather high concentration. The major manufacturers are concentrated in China and Europe, such as Rusal, Intermix-Met, CODOS, Hunan Oriental Scandium and Huizhou Top Metal Materials (TOPM). At present, Rusal is the world leader, holding 44.57 production market share in 2018.
The global consumption of Scandium Oxide increases from 10782 Kg in 2013 to 11960 Kg in 2017, at a CAGR of more than 2.60%. In 2017, the global Scandium Oxide consumption market is led by Europe and Europe is the largest region consumption market, accounting for about 37.43% of global consumption of Scandium Oxide.
Scandium Oxide downstream is wide and recently Scandium Oxide has acquired increasing significance in various fields of Aluminum-Scandium Alloys, High-Intensity Metal Halide Lamps, Lasers, SOFCs and others. Globally, the Scandium Oxide market is mainly driven by growing demand for Aluminum-Scandium Alloys. Aluminum-Scandium Alloys account for nearly 58.33% of total downstream consumption of Scandium Oxide in global.
Scandium Oxide can be mainly divided into Scandium oxide 99.90%, Scandium oxide 99.99%, Scandium oxide 99.999% and Scandium oxide 99.9995% which Scandium oxide 99.99% captures about 48.67% of Scandium Oxide market in 2017. According to our research and analysis, manufacturers from China and Europe are the major leaders in the international market of Scandium Oxide.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Scandium Oxide consumption will show a trend of steady growth. In 2025 the consumption of Scandium Oxide is estimated to be 15177 Kg. On product prices, the slow downward trend in recent years will maintain in the future.